National Pension Service raises domestic equity limit by 5.9 percentage points and cuts bond allocation

The National Pension Service decided to raise its domestic equity limit by 5.9 percentage points. The measure revises the scope for managing domestic assets in the fund. The specific implementation date and detailed criteria will be finalized through internal procedures.

The National Pension Service decided to gradually reduce the share of domestic bonds. The reduction policy involves adjusting the allocation in stages rather than making a large immediate change. The investment team is considering implementing the reduction plan in installments.

The National Pension Service’s domestic equity holdings share increased from 14.9% to 20.8%. The decision to increase it aims to prevent mechanical selling of specific stocks. The relevant rules will be reflected in internal investment guidelines.

The National Pension Service labor union denied responsibility for some matters. The union said claims that it was responsible for changes to investment management were untrue. Fund operations and the union’s position are being addressed separately.

The Korea Investment Corporation has begun an open recruitment process for a chief investment officer (CIO). The corporation said it would conduct an open recruitment and screening process to appoint a new CIO. The appointment schedule will be announced later.

Some individual investors expressed concern that the National Pension Service might sell. Others said their concerns about possible selling had eased around the same time. Further fluctuations may occur when market-related notices are issued and the investment management committee announces its results.